Strategy’s (MSTR) Buy Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of Strategy (NASDAQ:MSTR) in a report published on Tuesday,Benzinga reports. They currently have a $464.00 price objective on the software maker’s stock.

MSTR has been the subject of several other reports. BTIG Research boosted their target price on Strategy from $620.00 to $700.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Monness Crespi & Hardt boosted their target price on Strategy from $175.00 to $200.00 and gave the stock a “sell” rating in a report on Tuesday, July 15th. UBS Group restated a “buy” rating on shares of Strategy in a report on Friday, May 16th. Barclays restated a “hold” rating on shares of Strategy in a report on Monday, May 19th. Finally, Benchmark restated a “buy” rating on shares of Strategy in a report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $552.50.

Strategy Stock Down 0.9%

Shares of Strategy stock opened at $338.84 on Tuesday. The firm has a market cap of $96.08 billion, a price-to-earnings ratio of 29.83 and a beta of 3.76. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.68. Strategy has a 52-week low of $113.69 and a 52-week high of $543.00. The stock has a 50-day simple moving average of $391.69 and a 200-day simple moving average of $354.75.

Strategy (NASDAQ:MSTR) last posted its earnings results on Thursday, July 31st. The software maker reported $32.60 earnings per share for the quarter, topping the consensus estimate of ($0.12) by $32.72. Strategy had a return on equity of 18.83% and a net margin of 1,036.61%.The firm had revenue of $114.49 million during the quarter, compared to analyst estimates of $112.68 million. During the same period in the previous year, the company earned ($5.74) EPS. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Insider Buying and Selling at Strategy

In other news, CAO Jeanine Montgomery acquired 5,000 shares of the stock in a transaction dated Tuesday, July 29th. The shares were acquired at an average cost of $90.00 per share, for a total transaction of $450,000.00. Following the completion of the transaction, the chief accounting officer owned 5,000 shares in the company, valued at approximately $450,000. This trade represents a ? increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Andrew Kang sold 18,750 shares of the business’s stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $395.00, for a total value of $7,406,250.00. Following the sale, the chief financial officer owned 24,460 shares in the company, valued at approximately $9,661,700. This represents a 43.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders purchased 268,251 shares of company stock valued at $24,143,304 and sold 178,733 shares valued at $72,939,112. Company insiders own 8.46% of the company’s stock.

Institutional Trading of Strategy

A number of large investors have recently bought and sold shares of the stock. SJS Investment Consulting Inc. grew its position in Strategy by 25.8% in the second quarter. SJS Investment Consulting Inc. now owns 117 shares of the software maker’s stock valued at $47,000 after acquiring an additional 24 shares during the period. Mutual Advisors LLC lifted its stake in shares of Strategy by 2.0% during the second quarter. Mutual Advisors LLC now owns 1,350 shares of the software maker’s stock valued at $548,000 after acquiring an additional 27 shares during the period. Bernardo Wealth Planning LLC lifted its stake in Strategy by 3.9% in the second quarter. Bernardo Wealth Planning LLC now owns 772 shares of the software maker’s stock valued at $312,000 after buying an additional 29 shares during the period. Family Management Corp lifted its stake in Strategy by 2.2% in the fourth quarter. Family Management Corp now owns 1,370 shares of the software maker’s stock valued at $397,000 after buying an additional 30 shares during the period. Finally, Smith Anglin Financial LLC raised its position in shares of Strategy by 1.2% during the second quarter. Smith Anglin Financial LLC now owns 2,537 shares of the software maker’s stock worth $1,025,000 after purchasing an additional 30 shares during the period. 59.84% of the stock is currently owned by institutional investors.

Strategy Company Profile

Strategy Incorporated, formerly known as MicroStrategy, provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers Strategy ONE, a platform that allows non-technical users to access novel and actionable insights for decision-making, and Strategy Cloud for Government, which provides always-on threat monitoring designed to meet the strict technical and regulatory standards of governments and financial institutions.